Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
18 Mar 2024 Acquired Renaissance Technologies
“The fee stream on the institutional fund may entirely belong to branding. But I think there are a lot of public equity firms and a lot of hedge funds that have a lot of branding power that have on average market returns with decent Sharpe ratios and are able to raise because they’ve built a brand.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Mar 2024
- Publisher
- Acquired
- Episode
- Renaissance Technologies
Transcript context
…Switching costs I don’t think apply, branding maybe applies in their ability to raise money for the institutional funds, but that’s not a big part of the business. The fee stream on the institutional fund may entirely belong to branding. But I think there are a lot of public equity firms and a lot of hedge funds that have a lot of branding power that have on average market returns with decent Sharpe ratios and are able to raise because they’ve built a brand. Venture firms are the same way. Totally. For me, this leaves counter-positioning, I actually think there’s some counter-positioning here. I think we’re going to have two episodes in a row of counter-positioning at scale.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.